v3.26.3
Note 7 - Fair Value of Financial Instruments
6 Months Ended
Aug. 31, 2026
Notes to Financial Statements  
Fair Value Disclosures [Text Block]

7. Fair Value of Financial Instruments

 

The following tables disclose the estimated fair value of the Company's financial liabilities as at August 31, 2026 and February 28, 2026:

 

  

Fair Value at August 31, 2026

  

Carrying

     

Level in the

  

Amount

  

Fair Value

 

hierarchy

Financial liabilities accounted for at amortized cost:

         

Series B Convertible Preferred stock (Note 10)

 $12,804  $11,340 

Level 2

    Credit Facility (note 11) $1,411   1,411 Level 2

Long-term debt (Note 11)

 $2,876  $2,777 

Level 2

Due to customer

 $936  $933 

Level 2

 

 

  

Fair Value at February 28, 2026

  

Carrying

     

Level in the

  

Amount

  

Fair Value

 

hierarchy

Financial liabilities accounted for at amortized cost:

         

Series B Convertible Preferred stock (Note 10)

 $12,054  $11,770 

Level 2

Long-term debt (Note 11)

 $3,035  $2,873 

Level 2

Due to customer

 $900  $897 

Level 2

 

The fair value of cash, accounts receivable and other, and accounts payable and accrued liabilities approximate their carrying values due to their short-term maturity.